A total of 40 property owners, operators and developers have helped the real estate-focused venture firm close its sophomore vehicle.

US-based venture capital firm RET Ventures’ second fund has reached a $165m final close with backing from real estate investment trusts Essex Property Trust, Invitation Homes, Mid-America Apartment Communities and UDR.

40 North America-based multifamily and single-family real estate owners, operators and developers including BH Management, Bozzuto, Cortland, Edward Rose & Sons, Greystar Real Estate Group, Starlight Capital, Starwood Capital Group and Waterton were also among the limited partners for the fund.

The firm’s debut fund closed at $108m…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.